What MTN’s first ₦1 trillion quarter says about the future of Nigerian telcos
- MTN Nigeria reported a record revenue of ₦1.06 trillion in Q1 2025, the highest for any telecom company in a single quarter.
- The Nigerian Communications Commission approved a tariff increase on voice and data services for the first time in a decade.
- MTN's revenue from data services rose by 51.5% year-on-year, driven by increased data traffic and new active users.
While MTN Nigeria's impressive revenue growth and strategic expansions are commendable, the significant tariff hikes pose a risk to consumer affordability and could lead to a backlash if not managed carefully. The company must balance its growth strategies with the economic realities faced by its customers to ensure sustainable success.
